Trump’s crypto empire and its curious ties to a UK-based flooring company

Trump’s crypto empire and its curious ties to a UK-based flooring company

On June 26, a shadowy entity called Aqua1 Foundation, which claimed to be based in the United Arab Emirates, announced that it was purchasing $100 million in WLFI tokens, the largest single purchase at the time. Now, months later, the Financial Times has allegedly uncovered a link hilariously linking the Trump crypto empire to a group of now-dissolved hardwood flooring companies.

The mysterious Chinese businessman behind Aqua1, who met with Eric Trump in Dubai, was Guren “Bobby” Zhou, who has executive roles in multiple businesses and is being investigated in Britain for money laundering, according to the U.K.’s National Crime Agency and a document filed in an immigration case at the Royal Courts of Justice in London.

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Official World Liberty Financials





4.07%








Trump’s crypto empire and its curious ties to a UK-based flooring company



Official World Liberty Financials
W.L.F.


Price

$0.1476

4.07% /24h





Volume in 24 hours


$192.10 million



Price 7d

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purchase that “was a business decision consistent with its focus on promoting regulated and scalable digital asset ecosystems.”

An Aqua1 spokesperson added: “Mr. Guren (“Bobby”) Zhou has never been convicted of any financial crime in any jurisdiction, and any implication to the contrary is defamatory and false.”

However, in the Financial Times article, Companies House is alleged to show that Guren Zhou worked as a director at 13 overlapping flooring companies in the UK, including Iwood Flooring, Glamorous Spirit, Stile Interiors, Underlay Republic and Flooring Republic.

All of the listed companies operated between Southampton, Preston and London and were active between 2008 and 2019. All of the listed flooring companies have since been dissolved.

Interestingly, Anbo Commercial, Anbo UK, Anbo Investments, Anbo Stile and Anbo International, where Zhou was listed as a director, were among the last to dissolve.

The Anbo website is still running and describes how the group was founded by “highly respected timber manufacturer” Zhou Senior in Shanghai in 1989. Exports to the US began in 1991. Bobby Zhou eventually took over and brought the company to the UK around 2005.

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Timeline of Anbo’s turn from flats to cryptocurrency investments

Now we have the origin story of how a Chinese manufacturing company ended up in the UK and was run by the face of Aqua1, Bobby Zhou. How did Zhou end up in Dubai, meeting the president’s son and investing $100 million in Trump’s crypto empire through his WLFI token?

In 2017, Anbo acquired Leeds-based online retailer Posh Flooring, securing a foothold in the northern England laminate market. A media report at the time said the merger would “simultaneously support Posh Flooring’s expansion into Dubai and the United Arab Emirates.”

This gives us a clear idea of ​​how Zhou ended up in Dubai, but still leaves us scratching our heads about how, just eight years ago, the Chinese businessman was expanding a luxury flooring company from the UK to the United Arab Emirates.

This is made clear through an administrator’s report from 2018, which said:

“In 2017, the interior design and construction industries changed such that management could no longer predict demand for products. Between January and November 2017, the Company [Anbo International] average sales of approximately £523k per month. In the latest period, December 2017 to March 2018, average sales were approximately £94,000 per month.”

According to Anbo’s website, between 2018 and 2023, the firm expanded into the following sectors: global banking, technology, medicine, biotechnology, wealth management, metaverse sector and entertainment.

Market capitalization





Looking at this timeline, it is clear that the obvious next step for Zhou and his company Anbo was the cryptocurrency sector. It’s a funny turn of events that in less than eight years, Zhou went from supplying hardwood floors in the UK to landing nine-figure crypto deals with Eric Trump and the Trump crypto empire in general.

The Trump-backed crypto asset WLFI has a market capitalization of around $4.1 billion, making it the 42nd largest digital asset by market capitalization, and has a daily trading volume of $246 million, per CoinGecko data.

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